The Corporate Debtor, M/s. Sheltrex Developers Pvt. Ltd., was ordered into Corporate Insolvency Resolution Process (CIRP) on December 10, 2019. The applicant, Mr. N. Kumar, was appointed as the Interim Resolution Professional and subsequently as the Resolution Professional. The Resolution Professional sought to constitute project-based Committees of Creditors and issue separate Expressions of Interest for each project, citing the NCLAT judgment in Flat Buyers Association vs. UmangRealtech Pvt. Ltd.

The Corporate Debtor, M/s. Sheltrex Developers Pvt. Ltd., was ordered into Corporate Insolvency Resolution Process (CIRP) on December 10, 2019. The applicant, Mr. N. Kumar, was appointed as the Interim Resolution Professional and subsequently as the Resolution Professional. The Resolution Professional sought to constitute project-based Committees of Creditors and issue separate Expressions of Interest for each project, citing the NCLAT judgment in Flat Buyers Association vs. UmangRealtech Pvt. Ltd.